“Oh what a tangled web we weave. When first we practice to deceive”. Sir Walter Scott’s comment could have been made about the LIBOR and foreign exchange (forex) scandals engulfing the world’s largest…

There is something in the culture of banking that lends itself toward making otherwise fairly good people do bad things. That’s the finding of a new study published in the journal, Nature. And it may simply…

Small beer? Bank fines and the culture they punish.
Steve JamesNovember 16, 2014

The biggest open secret in the financial world has been confirmed. Regulators in the UK, the US and Switzerland have announced massive fines for some of the world’s largest banks for a manipulation of…

Yes I definitely do want a receipt for this transaction.
Andrew Matthews/PA WireNovember 12, 2014

Regulators in the UK and US are fining five high street banks for attempting to manipulate foreign exchange rates. Together they have been told to pay £2 billion in compensation following a year-long investigation…

While Edinburgh and London wrestle over the future of the pound, it has has been sinking. The slide (especially against the US dollar) is widely seen as a knee-jerk reaction to the possibility of Scotland…

The European Central Bank’s decision to cut its interest rates further showed that the zero rate rubicon holds no fear, while one substantial bullet was kept in the barrel. It is a useful marker for markets…

In the eye of the beholders, dollar dominance rules.
peasapJuly 8, 2014

In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…

A turbulent last few months have seen numerous pieces announcing the end of Bitcoin, its imminent collapse, or the bursting of the bubble. Commentators are missing the point: the key to Bitcoin’s surprising…

ASIC warns: forex currency trading requires a high degree of skill, and consumers should be aware of the risks and potential for loss.
Image of finance chart with sell/buy dice from www.shutterstock.comDecember 23, 2013

With the value of the Australian dollar falling more than 10 cents in the past few months, should we all be hedging our bets and trading the Aussie for a fast profit? There’s no shortage of foreign currency…